DNDN is Wall Street darling for Longs and Shorts
Hi guys,
DNDN is the stock that one can make good money and also lose big if we do not have right trading strategy. “Plan your trade and trade as planned”, minimize your loses and ride realistic profit. If we exercise what we have learned, one day we will become a successful trader.
As expected, the sell off resumed today after 2 days bear rally. Is it safe to go long today? I’m not sure; we have to wait till the end of the day. More often than not, the sell off will resume the next trading day after the first reversal day on the down side.
I shall continue with my views on DNDN after market close.
6 comments:
Short covering by hedge funds after the sell off.
DNDN shall re-test 4.95 low tomorrow
Maybe I shouldn't have gotten back in right before finals... I guess at this point I'll just hold on for a long position...
Ult
Robert
You should cashed out on Monday May 14 somewhere around $6.45 to $6.55 and long again tomorrow below $5.30
DNDN Historical Price
Low & Closed Price
May 9 - Low 6.27 Closed 6.33
May 10 - Low 5.17 closed 5.54
May 14 - Low 4.95 closed 6.11
May 15 - Low 5.55 closed 5.69
Lowest closed price May 10 = 5.54
May 15 Low 5.55 is higher than May 10 closed price 5.54
May 15 closed price of 5.69 is higher low.
So, it is safe based on the above data to go long below 5.80
Price now is at 5.94
May options expirations (this Friday) is $12.50
It has been seen, with statistical significance, that the closing stock price tends toward the option strike price that forces the greatest number of options to expire that is $12.50. The next probable strike prices are $7.50 & $10.00
However, there is no guarantee that share price will reach the above strike price.
Hey Fakir, make up your mind. Is DNDN going down for the short term, or up???
It sounds like you expect it to test $5 threshold tomorrow, and now you're backtracking and telling us you think it's a good buy after a dip to 5.30 and now a good buy at 5.80. What's the deal???
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